KERTEH: The RM13bil in Foreign Direct Investment (FDI) in the first
quarter of this year is a clear signal of investors' confidence in
Malaysia as an investment destination despite a gloomy global economy
and the Opposition's criticims, says Datuk Seri Najib Tun Razak.The Prime Minister said foreign investors did not base their decisions on what the Opposition said.
"They choose Malaysia based on facts and in-depth assessments.
"Their selection of Malaysia is a vote of confidence on how we manage our economy.”
"We expect to hit our targeted FDI and private sector investments this year," he told journalists after officiating the groundbreaking ceremony for the world's first integrated bio-methionine and thiochemicals plant in Kertih BioPolymer Park here on Saturday.
Commenting on the groundbreaking of the bio-methionine and thiochemicals plant, Najib said the project, jointly developed by South Korea's CJ CheilJedang and France's Arkema, was a proud moment for Malaysia as it was the first of such plant in the world.
"The plant also marks the first major investment by an international industrial biotechnology company in the country.
"It will position Malaysia alongside other global feed producers and exporters," he said adding that, the plant was expected to be operational by December next year and would have spillover economic effects.
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